Impact of Professionalism and Decision Making Styles on Level of Investors Acceptable Risk

Rational investors try to decide based on risk and return. Acceptable level of risk for investor may be affected by investor’s professionalism and style of decision making. Patterns of decision making suggest cognitive styles and educated behaviors arising from fundamental differences in individuals...

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Autores principales:	Ali Bayat (Ph.D), Behjat Abchar
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2017
Materias:	cognitive styles risk perception risk propensity expected returns professionalism Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/d732facfdafd493cb65aadd5d576b9a4
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spelling	oai:doaj.org-article:d732facfdafd493cb65aadd5d576b9a42021-11-04T19:52:57ZImpact of Professionalism and Decision Making Styles on Level of Investors Acceptable Risk2008-89142476-292X10.22103/jak.2017.1678https://doaj.org/article/d732facfdafd493cb65aadd5d576b9a42017-08-01T00:00:00Zhttps://jak.uk.ac.ir/article_1678_8b7cc5f57cf4026d96c5a8ee05ad8a3f.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XRational investors try to decide based on risk and return. Acceptable level of risk for investor may be affected by investor’s professionalism and style of decision making. Patterns of decision making suggest cognitive styles and educated behaviors arising from fundamental differences in individuals in collecting information and propensity to use the information in decision making. All investment decisions are made based on the relationship between risk and expected returns. This study examined the effects of professionalism on cognitive style and propensity to risk of investor, and controlling his decision making pattern at the same time. This study is a quasi-laboratory one for hypotheses testing, and a research of descriptive-deductive type. This study uses a single year cross section data in 1392, with statistical sample of 150 individuals from the population of professional and non- professional analysts. Findings showed that there is significant positive relationship between professionalism and investors’ risk perception and risk propensity. Also, other findings indicated that there are not significant differences in the average financial and economic knowledge of investors for the investors with guideline style, analytical style, cognitive style and behavioral style for decision making. In addition, gender of investors does not affect investors’ acceptable rate of risks.Ali Bayat (Ph.D)Behjat AbcharShahid Bahonar University of Kermanarticlecognitive stylesrisk perceptionrisk propensityexpected returnsprofessionalismAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 8, Iss 2, Pp 133-157 (2017)
institution	DOAJ
collection	DOAJ
language	FA
topic	cognitive styles risk perception risk propensity expected returns professionalism Accounting. Bookkeeping HF5601-5689
spellingShingle	cognitive styles risk perception risk propensity expected returns professionalism Accounting. Bookkeeping HF5601-5689 Ali Bayat (Ph.D) Behjat Abchar Impact of Professionalism and Decision Making Styles on Level of Investors Acceptable Risk
description	Rational investors try to decide based on risk and return. Acceptable level of risk for investor may be affected by investor’s professionalism and style of decision making. Patterns of decision making suggest cognitive styles and educated behaviors arising from fundamental differences in individuals in collecting information and propensity to use the information in decision making. All investment decisions are made based on the relationship between risk and expected returns. This study examined the effects of professionalism on cognitive style and propensity to risk of investor, and controlling his decision making pattern at the same time. This study is a quasi-laboratory one for hypotheses testing, and a research of descriptive-deductive type. This study uses a single year cross section data in 1392, with statistical sample of 150 individuals from the population of professional and non- professional analysts. Findings showed that there is significant positive relationship between professionalism and investors’ risk perception and risk propensity. Also, other findings indicated that there are not significant differences in the average financial and economic knowledge of investors for the investors with guideline style, analytical style, cognitive style and behavioral style for decision making. In addition, gender of investors does not affect investors’ acceptable rate of risks.
format	article
author	Ali Bayat (Ph.D) Behjat Abchar
author_facet	Ali Bayat (Ph.D) Behjat Abchar
author_sort	Ali Bayat (Ph.D)
title	Impact of Professionalism and Decision Making Styles on Level of Investors Acceptable Risk
title_short	Impact of Professionalism and Decision Making Styles on Level of Investors Acceptable Risk
title_full	Impact of Professionalism and Decision Making Styles on Level of Investors Acceptable Risk
title_fullStr	Impact of Professionalism and Decision Making Styles on Level of Investors Acceptable Risk
title_full_unstemmed	Impact of Professionalism and Decision Making Styles on Level of Investors Acceptable Risk
title_sort	impact of professionalism and decision making styles on level of investors acceptable risk
publisher	Shahid Bahonar University of Kerman
publishDate	2017
url	https://doaj.org/article/d732facfdafd493cb65aadd5d576b9a4
work_keys_str_mv	AT alibayatphd impactofprofessionalismanddecisionmakingstylesonlevelofinvestorsacceptablerisk AT behjatabchar impactofprofessionalismanddecisionmakingstylesonlevelofinvestorsacceptablerisk
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Impact of Professionalism and Decision Making Styles on Level of Investors Acceptable Risk

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